Blockchain is a technology that remains incomprehensible to many participants in the IT market and other areas. Company IBM believes that blockchain able to produce qualitative changes in the global economy, leading to the emergence of second-generation economy. But in order for this to happen, considerable effort must be made.
Now more and more companies are starting to work with blockchain – a technology that allows you to restructure human economic activity, making this industry more efficient. In addition, the blockchain allows you to optimize other areas as well, since finance is far from the only area for working with this technology. Despite the fact that the technology has been on the market for about five years, it is only at the beginning of its formation and popularization. More information can be found at https://bitcoins-evolution.com
How it works
What is blockchain? If simplified, then this is a distributed storage system for records, access to which is available to any user on the network. Entries entering the system form the so-called blocks, which, in turn, are linked into a single chain. From here came the name blockchain – a chain of blocks. Almost immediately after the blockchain entered the fintech services market, IBM Corporation realized its promise and began to study the possibilities of technology and developments in this area.
It is very important to realize that blockchain is not only bitcoin, during forex trading hours, a cryptocurrency that has been talked about and written about over the past few years. The scenarios of the possible use of this technology within the organization or as part of the interaction of individual companies are many. So, using the blockchain, you can organize financial transactions between banks around the world without a single center, develop a supply system of almost any type (leasing cars, assembling complex devices, etc.), create a fast and reliable system for concluding contracts between a buyer and a seller, or the recipient of the service and its provider, organize a mailing system.
Blockchain can be extremely useful for organizations that exchange information, valuable data, but do not trust each other too much. In this case, the technology allows to simplify and improve the processes of exchange and storage of information related to the interaction of these organizations.
In general, the benefits of using blockchain are still not entirely clear to company executives. In order to help realize the possible profit from working with the blockchain, IBM has developed a fundamentally new cloud services based on this technology.
They help ensure the reliable operation of a new class of distributed financial applications. And if you combine the blockchain with the Internet of things (IoT), then in this case, users of the system get the opportunity to work with data.
An example is the fixation of the temperature of a sent parcel with a record of all received data that is transparent and becomes available to the sender, recipient and carrier company at the time of registration. Both the sender and the recipient will receive all recorded changes in the parameters of the package in real time.
IBM Information Training
Despite the fact that the promising nature of this technology is obvious to many companies and specialists, most of the companies still do not work with blockchain. But information about the technology is spreading quickly, and company leaders, having heard about its wide capabilities, instruct developers to implement these capabilities in enterprise services and applications.
Well, so that developers better understand what blockchain is, IBM runs the so-called IBM Garages. These are peculiar service stations that are either already open or will be organized in the near future in major cities of the world. In addition, the IBM Global Business Services division at one time announced plans to provide advice on blockchain issues in such areas as logistics, finance, and banking.
Future of Blockchain
Blockchain future is expected to be bright compare to other cryptocurrencies. As it is easy to use, and use at the international level. Most of counties authorize this cryptocurrency. One can get huge knowledge about blockchain on the internet. Blockchain is a transparent, secure, and porous system this technology will change the way people think about exchanging value and assets.
